Tuesday, March 20, 2012

Why is it Important for Women to Plan for Long Term Care?

Long-term care is an issue particularly for women. It is often said that long-term care effects women twice in their lives - first being the one to provide the care for a loved one and secondly being the one to need long-term care. Women are most often impacted as being the caregivers for their spouses, which this takes a huge toll on women to care for their husband and ultimately end up being the recipients of care as well.

Women also tend to live longer than men and are far more likely to need long-term care services. 67% of all long-term care insurance benefits recipients are women. In addition, women make up the majority of nursing home residents and those with Alzheimer's disease. This is why it is also important for women who live alone to plan for long-term care.

For more information visit - www.awomensissue.com.

1 comment:

  1. Costs for long term care insurance can be burdensome, particularly for those policies which are bought late in life. The problem with this strategy is that it assumes that the need for long-term care reduces the need for life insurance (because the long-term care funds are taking away from the death benefit). There is a reasonable way out. Resort to quick borrowing via Internet in Ontario and you will make the long term care insurance affordable.

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